The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, analysts at UBS expect the greenback to depreciate and the best to express this view is the cable. Key quotes “In our upside scenario, in which safe-haven assets and liquidity are less in demand, we expect the US dollar to depreciate.” “Our preferred G10 currency to buy relative to the US dollar is the British pound. The currency remains deeply undervalued considering our estimate of purchasing power parity at 1.53. We target GBP/USD at 1.38 by year-end for our upside scenario, and 1.33 in our central scenario.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD: Potentially higher with resistance at 0.6659 – OCBC FX Street 3 years The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, analysts at UBS expect the greenback to depreciate and the best to express this view is the cable. Key quotes “In our upside scenario, in which safe-haven assets and liquidity are less in demand, we expect the US dollar to depreciate.” “Our preferred G10 currency to buy relative to the US dollar is the British pound. The currency remains deeply undervalued considering our estimate of purchasing power parity at 1.53. We target GBP/USD at 1.38 by year-end for our… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
